đ¨ $BNB /USDT Market Update đ¨
Current Price: $558.2 đ
Trend analysis shows $BNB is currently testing the resistance near the $565 mark. With the moving averages trending upwards and the market showing a slight recovery, here's the quick breakdown for potential trades:
Long Trade: Look to enter above the current resistance of $565. Set your targets at $570, $575, and $580 for potential profits. Keep a watchful eye, as a breakout above this could signal further bullish momentum.
Short Trade: If $BNB falls below the moving average (MA99 at $550.7), consider entering a short position with targets set at $545, $540, and $535, respecting the strong support around these levels.
Traders should keep an eye on volume as an increase might confirm trend strength either way. Stay tuned for updates and manage your risks accordingly!
